Precious metals are apparently waking up. And here is where you can find the best deals.
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Central banks are signaling by their actions that they are losing confidence in their own money and their money monopoly. They’re getting ready for...
Real Estate Mogul Sam Zell Calls Retail a ‘Falling Knife’ That Hasn’t Hit a Bottom YetAug 26, 2020 - 11:46:43 PDT
"There is no question in my mind that retail is a falling knife, and we are for sure not at the bottom," real estate mogul Sam Zell told CNBC.
Home prices have defied logic, rising to record highs amid a pandemic and a recession. Is the housing market overheating-and a correction looming?
White House Economic Adviser Larry Kudlow credited the Trump administration’s economic and relief policies with helping the U.S. economy rebound from a coronavirus-induced recession that began in February – and he said more tax relief is on the way if the president is reelected.
More Than 5 Million People Won’t Get the $300 Unemployment Boost Right NowAug 26, 2020 - 11:39:01 PDT
More than a dozen states haven't yet been approved to offer a $300 weekly federal boost to unemployment benefits. That leaves more than 5 million workers out of the money.
These Are the Biggest Myths About the First and Potential Second Round of Stimulus ChecksAug 26, 2020 - 11:29:56 PDT
The IRS and Treasury Department issued more than $250 billion in stimulus payments to Americans at the start of the Covid-19 shutdown.
Small Landlords, Tenants, Lenders, Governments Grapple With “Extend-and-Pretend Forevermore”Aug 26, 2020 - 11:23:20 PDT
Most of the fallout from the Pandemic has been postponed in the UK. But then what?
The Pandemic Is Accelerating Trends That Are Disrupting the Foundations of the EconomyAug 26, 2020 - 11:17:52 PDT
The problem is the economy that's left has no means of creating tens of millions of jobs to replace those lost as the 1959 economic model collapses.
Aug 26, 2020 - 09:09:04 PDT
As more and more furloughed workers are finding out their job losses are now permanent, economists see the makings of a second Great Recession.
Aug 26, 2020 - 09:03:01 PDT
What's the more likely event at this point: a deflationary crash or runaway inflation? Which outcome you prepare for requires very different strategies.
The Fed Faces A "Complete Nightmare": Convincing The Public That Higher Inflation Is Good For ThemAug 26, 2020 - 08:58:21 PDT
... what will: buying $30 trillion? $300 trillion?
The US dollar’s dominance in international financial transactions gives Washington a powerful tool that it uses to sanction people and institutions on a global scale.
The Trump administration moved to cut off two dozen Chinese companies from the American market on Wednesday, saying they had contributed to China’s controversial island-building campaign.
China Fires Two Missiles Into Sea As "Warning To US" In Huge Escalation Following Spy Plane BreachAug 26, 2020 - 08:38:52 PDT
Missiles fall into disputed area of South China Sea after Beijing slammed "naked provocation"...
JPMorgan has a $2,000 price target, and Bank of America says gold prices could hit $3,000-an-ounce over the next 18 months.
While gold is only just below the all-time high of more than $2,000 per ounce set earlier this month, real 10-year Treasury yields are only a little above the all-time trough of minus 1% also reached earlier this month:
“IF I am correct, then yields and the dollar should resume lower, which in turn will likely support gold and silver,” said market analyst, at ThinkMarkets in a research note on Wednesday.
Fed Esther George, who has been among the most hawkish Fed policy makers, doesn’t oppose some overshooting of the central bank’s 2% inflation target and sees more risk of price pressures being too weak than too strong.“I have never thought of 2%
Incidentally, Buffett’s father, Howard Buffett, was a U.S. congressman. He strongly believed in the gold standard and was one of the last remaining public officials who argued for it after WWII.
Framework Review Complete, Fed’s Powell Starts Hard Sell for Higher InflationAug 26, 2020 - 06:42:41 PDT
After a nearly two-year review, U.S. Federal Reserve officials feel they've hit on a better way to meet their key goals of steady inflation and maximum employment.